Economy of the European Union

Creditors’ mission chiefs arrive with a long list of prior actions

The start of the fourth post-bailout assessment of Greece by its creditors, which starts on Monday, represents a new era in relation between the two sides, as they have to construct a new framework of cooperation after the change in government, based on trust and the adoption of common targets.

FinMin Teodorovici: New Commission must consider all member states' interests in taking major initiatives

The Minister of Public Finance, Eugen Teodorovici, said it is absolutely necessary the new European Commission to take into account the interests of all member states, and not only of some of them that are believed to be stronger and more influent. "I hope that the new team of the European Commission will truly approach every matter in the spirit of cohesion.

France Wants the EU to Create Its Own Digital Currency and Ban Facebook’s Cryptocurrency

France has proposed the EU to create its own national digital currency and abandon the use of Facebook's Libra cryptocurrency to protect its financial sovereignty. This was stated today by French Finance Minister Bruno Le Maire on his arrival at the meeting of the European finance ministers in Helsinki, BTA quoted Reuters and TASS as saying.

Staikouras to formally ask ESM to OK early IMF loan repayment

Finance Minister Christos Staikouras will present the priorities of the new Greek government at Friday's Eurogroup meeting before sending a letter to the European Stability Mechanism informing Greece's main creditor of Athens' intention to repay some of the loans from the International Monetary Fund ahead of schedule.

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